Financial tips & advice

Over the last few years, online trading in markets like foreign exchange and binary options have gained a lot of popularity. This is because the Internet has leveled the playing field in a major way. For one, it has increased the access to these financial markets. It has also improved access to information that was previously held only by large trading institutions.

However, this democratization process has brought about an unexpected downside. Traders who have little to no trading experience are now able to invest their money without a clearly defined strategy. This has significantly increased their risk of losing their capital.

However, this disadvantage has only served to highlight the importance of social trading platforms. These platforms give traders a chance to bounce ideas off each other and view current market trends in a different perspective.

Although this communal spirit was lost in the initial shift from traditional retail trading to the personal computer, some enterprising individuals noticed this gap in the market. Now, we’re seeing more and more social trading platforms emerging. This allows traders to discuss strategies, talk about the impact of important events in the market, and even copy the trades of other more experienced traders.

What is the Purpose of a Social Trading Platform?

Social trading networks like https://realtradercommunity.com make it easier for forex traders to make money. The support from these communities is invaluable. It is often an important source of education and mentorship for new traders. The open communication system also makes it easier for traders to discuss mistakes and challenges. This ensures that other members know how to avoid common pitfalls.

We all know that trading is one of the hardest profession in today’s world. Having access to the high leverage trading account doesn’t mean that you will be able to make profit consistently. All the pro traders in the United Kingdom have spent many years in learning the art of trading. To be honest, the majority of the traders knows very well how to execute profitable trades but they don’t know how to book their profit in the dynamics of the Forex market. Making money in the online trading industry is really easy but keeping them safe is hard. Being a human being it’s very obvious that you will start taking big lot size trade to increase your profit factor. The moment you stop trading with calculative risk is the very moment you start losing money. In today’s article, we will discuss some key rules which will help you to make consistent profit in the Forex market.

Learn to stay on the sideline

All the new traders are very much active in their trading profession. They are always looking for trading opportunity and placing trades without doing the perfect market analysis. In order to become a profitable trader, you need to learn the art of doing nothing. The majority of the successful traders do nothing 99% of the time. You don’t have to execute too many trades to make a living out of trading. If you can place the perfect trade with proper money management, a single trade is enough to ensure your whole month earning. Some retail traders say that their trading system is capable of generating high-quality trading signals more frequently. But this is not entirely true. They are having more trading opportunity since they are trading this market in the lower time frame. If you start trading on the higher time frame, you will hardly get a single quality trade during the day.

If you’re trying to give yourself a bit of a financial boost, it’s very important that you go back and take care of unfinished business. A lot of people want to focus only on what’s shiny and new, but this is a bad idea in the world of personal finance. You can get a lot done if you focus on plugging those old financial gaps. One of the best ways to embark on a new financial journey would be to consider the benefits of filing a PPI claim.

What? Isn’t PPI handled already? If you are only paying attention to a few headlines, you’d think that there isn’t any reason to pursue PPI. But a good claim can set things right again. You could have thousands of pounds locked away with a debt that’s already been paid for. Does that mean that you don’t have a right to claim the funds? Not at all.

A great PPI claim includes teaming up with the right legal team. You unlock great benefits when you have legal assistance on your side. We’re sure that you’re good at a lot of things, but legal matters are probably not something that you tackle over and over again. You don’t work with people that are trying to navigate the legal system the best way they can. Being a solicitor is a very specialized thing, and you have to make sure that you’re getting the proper help from the beginning.

Some people may wonder who payday loans are for. There are advertisements around for them, but there are those people that may just think that they are not for them. However, a payday loan can be for anyone who needs or wants one.

Payday loans first came about when a lender saw that there was a gap in the market. They saw that there were people who needed small sums of money very quickly but could not get hold of them, perhaps because they had a poor credit record or because they did not have time to arrange any other sort of borrowing. However, there is no restriction on who can use an instant payday loan as the whole idea was to give access to borrowing to those who could not get it elsewhere and desperately needed money. This means that whoever you are and whenever you need money, you have the option to apply for a payday loan should you want to.

If you need money quickly then they can be the perfect solution. They can often be arranged within a few hours, which is perfect if you have an emergency where you need money fast. You can arrange them online or by telephone and only need to give minimal information before things are processed for approval. Sometimes you may even be able to arrange them face to face, if you have a shop near to you. You should not need to have a credit check and this will speed up the application process. You may need to scan or fax a few documents and give a few more details, but it should not take too long to send over the information needed and then get a response to your application. Once you accept it, it will again not take long until you get the money so that you can sort out your financial emergency. Sometimes it only take a matter of hours, which is very much more quickly than most other lenders.

If you need money really urgently then it can be difficult to know what to do. You may end up pan icing and making a poor decision, borrowing the money from somewhere and then regretting the decision afterwards. It is therefore really wise to be aware of your options before you need the money and then you will know what you need to do.

Many people will turn to their savings, credit card or overdraft to get instant money. This is probably a good, quick and easy decision but it is not possible for everyone to have these options available to them. Some people do not have savings, they have no credit card or overdraft facility or they have already used those options and still need more money. In this case things can be tougher.

Some will then turn to friends and family for help. Again this is not an option for everyone, some people do not know others that have any money that they can afford to lend or they do not feel that they can ask. It can be difficult borrowing from friends and family and can cause a breakdown in your relationship. This could happen if you cannot pay them back quickly, if they need the money themselves and you do not have it or you disagree over how much you were going to pay back. Therefore it can be wise, to make sure that you have a written agreement so that you know what you both agreed.

Another option is to borrow the money. This is something that can be a tricky decision. There are many lenders around and some will allow you to get the money very quickly. For example you can get an instant decision at Emergency Loans 24/7 and get the money that you need really quickly. There are many places out there which do not do credit checks and will therefore be able to lend you some money really quickly. If you need money in a hurry, then this will be a good solution but you do need to be careful. All loans need to be repaid of course and all lender charge fees and interest for lending the money. The short term loans tend to be more expensive and you may have to pay them back really quickly. Therefore you need to make sure that you compare different loans and their prices so that you get the best deal. It can be hard to do that when you need money quickly and to think logically. Therefore make sure that you are aware of what is available right now, then you will not have so much to do if and when you do need the money.

Lastly, it is wise to make sure that you pay back the loan on time. If you do not do this then there will be extra fees to pay. These can add up the longer it takes you to repay it. Therefore make sure that you are in a position to repay it before you take out the loan and agree the repayment terms.

It’s tough out there for the average trader because there are so many different ways to be profitable. However, there’s one that rises above all others — binary options trading. Sure, you might think that this is too volatile, but the truth is that without risk, there can really be no reward. If you’re really that risk adverse, there’s other investments that won’t grow as fast, but they will preserve your capital. Of course, if you’re reading strategy guides like this, you’re probably not that averse to risk.

What needs to be said is that binary options trading is all about unleashing the full potential of the global markets to make you money all year long, virtually around the clock. It’s not going to make you risk your entire capital outlay the way other investments require. It’s really the future, and it’s a bright one that can only get brighter. Of course, you’ll need to buy into the idea that investing doesn’t have to be like pulling teeth. You can use it to make an extra living for yourself without feeling like you’re going to be drowning in your own frustrating. The old era of investing meant a lot of hard work, number crunching, and hoping that you were right. The new era of investing means trusting processes that are designed form the beginning to put money in your pocket — as long as you’re willing and able to use some common sense about the matter.

So, what is it about binary options trading that has everyone so interested in it? Well, it gives you expanded profitability by giving you the power to set how much you’re willing to invest. Every trade is transparent, so you know exactly what you stand to gain, and what you stand to lose.

You can also trade binary options with assets that include stocks, forex pairs, indices, commodities — the list goes on and on.

We highly recommend binary options trading because it helps investors of all skill levels break out of the box and reach for profitability that wouldn’t be attainable anywhere else. If you really want to be at the mercy of the forex market, so be it. However, if you’re tired of hoping that your currency pairs will perform without being affected by market sentiment and investor speculation, you definitely want to stay tuned and look into more on binary options. Good luck!

Learning how to save and spend are the cornerstones of building good financial sense. This is not always stuff that we learn in school, and sometimes we end up paying a high price for not learning it in time. If you’re trying to recover from bad debt and terrible credit, then you will need to reset your thinking on how you save and how you spend your money.

So let’s talk about spending for a minute. Unless you just decide to live out in the woods for the rest of your life, there is going to come a time where you really are going to have to spend money. You really are going to have to take care of business one way or the other, so you might as well make the right decisions from here on out. A good prepaid debt card can really offer a lot more benefits than you might assume at first.

A prepaid debit card will only let you spend the money that you put on it. There is no credit check, and there are no overdraft fees. This means that you have a tool that can help you think differently about the way you spend money. Over time, you’ll learn that if you don’t have the money, you won’t be able to get what you want. This may help you make better spending decisions and get out of the habit of having to spend everything that you have.

A prepaid debit card doesn’t come free, though. There will be either a monthly fee or a per-transaction charge. Generally speaking, many cards will let you go ahead and go fee-less if you spend a certain amount every month.

If you’re going to be a stock charter, you need to understand the basics before you can really get into serious trading. If you don’t do this, you can still make money, but it won’t be the way that you expected. Indeed, if you don’t really take time to study the fundamentals of investing, all you’re really doing is getting lucky. Gambling is fine but there are plenty of casinos that make this a straightforward process. If you want to gamble, you can gamble. But if you want to become a serious investor that has options, you need to start thinking like a serious investor. What do solid traders do? They invest based on logic and data.

This brings us right to today’s topic, which is support and resistance points. Support and resistance goes all the way back to supply and demand — it’s these forces that drive the market, anyway. Demand is all about aggression, being bullish, and buying when it’s favorable, while supply is all about low demand, which in turn is selling and being more bearish. There isn’t a trader alive that’s 100% bull or 100% bear. It’s all about knowing the market.

Support is important, because it’s the level where demand is strong enough to keep the price from going down. The theory that’s accepted by investors today is that as the price goes down towards the support line and gets cheaper, buyers get hungry to buy…and the sellers don’t want to sell. However, once the price hits the actual support, it’s believed that the price won’t drop because demand has overwhelmed supply.

Keep in mind that figuring out where support and resistance lay isn’t precise — there’s going to be some room for error. Price movements tend to be pretty volatile. You’ll find support levels actually below the current price, but there are exceptions to this “rule”, as it were.

Your university years are arguably the most financially reckless of your life. Financially surviving the cost of living while going out and socialising on an almost daily basis can be extremely tough.

Despite your busy study schedule we recommend that you set some time aside to controlling your finances. Here are 3 top tips to ensure that you financially survive university:

1. Create a budget

The content of your budget is likely to look vastly different to that of someone who is in full time employment however the framework should be the same. In the first section list all sources of income including maintenance loans and grants, scholarships, bursaries and any employment you may have. In the second section list all of your outgoings, splitting them into two subsections; essential and non-essential. Essential outgoings include accommodation costs, food, mobile phone bills, travel, broadband and insurance costs. Non-essential outgoings will include days out, nights out, gifts, clothing and any other leisure costs you may have on a monthly basis.

2. Limit spending on nights out

We’re not going to tell you to avoid night outs – you’re at university after all! There are however a number of ways to limit your spending when you’re out, here are some rules to stick by:

Always pre-drink – supermarket alcohol is considerably cheaper than nightclub alcohol; create some cocktails, set up some drinking games and let the good times roll!

Only take a small amount of cash – after pre drinking the chances are you won’t need a whole lot more alcohol, however if you’ve got money in your wallet the temptation to buy drinks is still there

Leave cards at home – Having a card available while under the influence is not a good idea! It can quickly turn into a shuttle run from club to cash machine resulting in dramatic overspending.

We’re not saying this will elude the sore head in the morning; however you will avoid that guilty feeling of finding nightclub receipts in your back pockets!

3. Control food consumption

Aside from accommodation costs, food is likely to be one of your largest expenses. Many fall into the mistake of buying their weekly shop and then consuming it within three days, leaving them with toast for breakfast, dinner and tea for the remainder of the week. The key is to formulate a loose meal plan and not fall into the mistake of eating everything in sight.